The SCADA market is witnessing rapid accruals, witnessing rapid sales. Factors such as the rising demand for SCADA systems in increasing numbers of MES and spurring rise in a number of end-user industries, including pharmaceutical and food & beverage sectors, substantiate the market growth. Besides, the increasing adoption of SCADA technology in the oil & gas and EnP industries worldwide creates substantial market demand.
On the other hand, the high initial investment required for SCADA implementations is a key factor expected to hamper the market growth. Nevertheless, SCADA benefits, such as faster accumulation of data and visual representation of controls, would support the market growth throughout the anticipated period. Also, increasing investments by technology providers to improve the PLC and smart manufacturing capabilities would provide new growth opportunities.
Major Players:
Players leading the SCADA market include Mitsubishi Electric Corporation, Schneider Electric SE, Omron Corporation, Siemens AG, Rockwell Automation, Checkpoint Software Technologies Ltd., Yokogawa Electric Corporation, Radiflow, General Electric, Emerson Electric Corporation, and Honeywell Automation, among others.
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Global SCADA Market - Geographical Analysis
North America leads the global SCADA market, mainly due to the strong presence of well-developed infrastructures and provider's base, allowing the early adoption of advanced technologies. The region is a hub for advanced technologies and witnesses huge cybersecurity solutions.
Moreover, significant financial and technological investments for reliable and improvised power management systems drive the growth of the market. Investments in implementing SCADA systems in the oil & gas and power generation industry in the region influence market growth.
